Yes, but they can't know every single songwriter in the land... so, as I understand it, they only pay to publishing companies who are members of the society. If you want royalties paid, I believe you have to either form your own publishing company and become a member, and then publish your song, or have your song published by some company who already is a member.
And that's the problem. How does one person, who may have written one decent song, get it published?
- Ian B